New European Commission Proposals Aimed at Promoting Growth and Investment in Europe

September 25, 2017

The European Commission has proposed a series of reforms to strengthen and further centralise supervision of the European capital and financial markets at the EU level with the aim of creating stronger and more integrated markets, including:

  • taking steps to further centralise the supervision of the EU capital markets at the European Securities and Markets Authority (ESMA);
  • improving the governance and funding of the European Supervisory Authorities (the ESAs);
  • implementing measures to reduce fragmentation of the insurance market and increase supervision by the European Insurance and Occupational Pensions Authority (EIOPA); and
  • promoting FinTech and innovation in European financial markets.

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